Reps Pass 2022 Budget For Second Reading   The House of Representatives on Thursday passed the 2022 budget of N16.39 trillion for second reading. This followed the conclusion of debate on on the general principles of the budget. The Senate, had also on Wednesday, passed the 2022 Appropriation...

RMAFC Presents New Revenue Sharing Formula To Buhari December   The Revenue Mobilisation, Allocation and Fiscal Commission says it will be ready to present a new revenue sharing formula to President Muhammadu Buhari for onward transmission to the National Assembly by December. It said the ongoing consultation...

Buhari Okays Panel For N2.66trn Recovery From Oil Firms   President Muhammadu Buhari has approved the recovery of debts owed the federation by government agencies and oil and gas companies in the country’s extractive sector. On September 29, 2021, The Economic Confidential reported that the indebtedness of...

Despite Failure To Begin Operations, National Carrier Gets N400m Allocation   The Federal Government plans to spend N400m as working capital on its proposed national carrier which has failed to begin operations and has remained on the discussion table since 2015. It disclosed this in the 2022...

Two Years After, FG Loses N24bn To Land Border Closure In Ogun   The Federal Government has lost at least N24 billion to the continued land border closure in Ogun State, spanning two years, Daily Trust’s findings have revealed. In August 2019, Nigeria closed its land borders...

Budget Deficit Rises To N20.64trn Under Buhari     Budget deficit has risen to N20.64tn under president Muhammadu Buhari, according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic...